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Declaration Of Trust (public) - Legal Draft

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Category : Agreements Trust

Model Trust Deed for

a Public Trust(Having the appearance of a social

organization)This

Deed of Declaration of Trust is made at.............. this........ day

of...............20.......,by M/s. (1).....................(2)......................

(3)...................... (4)..................... (5).................... all

of......................Indian Inhabitants, hereinafter referred to as `The

Trustees' (which expression shall be deemed to mean and include, the survivors

or survivor of them and the heirs, executors and administrators of the last

survivor of them Trustees or Trustee of the Trust hereby created) as follows:WHEREAS:1. The Trustees are

possessed jointly of a sum of Rs.......2. The Trustees desire

to hold the said amount and all other amounts and other property, whether

moveable or immoveable, including the investments by way of shares, fixed

deposits, Government securities, bonds or debentures or in any other form that

the Trustees may receive and hold by way of acquisition, donations, gifts or

otherwise howsoever (hereinafter referred to as the Trust Fund) upon the Trusts

and for the objects hereinafter mentioned.NOW

THIS DEED WITNESSETH as follows: -The

Trustees declare that they shall hereafter hold the said amount of Rs.......

and the Trust Fund mentioned above for the time being on the Trusts for

carrying out the objects and on and subject to the powers, provisions, terms

and conditions hereinafter mentioned.1. This Trust shall be

known as "......................................... "2. The area of operation

of the Trust will be the whole of India but preferably in the State of........

and particularly within the limits of..... Municipal Corporation.3. The Principal Office

of the Trust will be situated at such a place as the Trustees may decide. The

Trustees may open branches or local offices at different places within the area

of operation.4. The principal object

of the Trust is to carry on cultural and charitable activities conducive to the

secular character of the Indian Nation and to the advancement of national

integrity, patriotism and discipline. For the purpose of or towards achieving

the above principal object, the Trust shall have the following particular

objects:a. To advance the cause

of Indian music & dance in all forms, both Hindustani and Karnataka by

holding music and dance programmes regularly or occasionally, particularly of

nonprofessional artists, by conducting music and dance classes, schools or

colleges and imparting the knowledge of music and dance by holding lectures,

seminars, conferences on music and dance and by doing all other acts and things

in the cause of music and dance being the arts which have a great cementing

force among all people irrespective of caste, creed or religion and which are

powerful organs or agents in the achievement of national integrity and

secularism.b. To write through or

with the help of literary persons, of different aptitudes or classes, plays

in..... and other languages on different topics, to translate plays written in

different languages into other languages, or to convert plays or dramas into

short plays or episodes or T.V. or Radio plays.c. To stage dramas in

all forms by amateur artists or professionals, in different languages including

all types of rural arts.d. To conduct classes or

courses for the development of dramatic arts, including acting, stage settings

and decorations, face painting or make-up.e. To hold meetings,

conferences, seminars, discussions on different and current social subjects or

events other than political.f. To help and encourage

writing literary works, to conduct mobile or other libraries of books and

periodicals and to advance the habit of reading and writing, and literacy in

general.g. To carry on

activities helpful to the society in general and to any individual or

individuals in particular in the field of medical help, education, calamities,

social awareness.h. To hold inter-State

dialogues or meetings of artists, scholars, philosophers, technicians in

different cultural scientific & philosophical subjects.i. To produce

documentary films on social and cultural subjects and to exhibit them through

T.V. or in social functions and at other places.j. To establish a

mini-academy to carry out any one or more of the above mentioned objects.k. To form a nucleus or

platform of universal brotherhood without distinction of race, creed, sex,

caste or colour.l. To encourage the

study of comparative religion and science.m. To investigate or do

research in the unexplained laws of nature and the mysteries of the universe on

logical or scientific basis.n. To do all other acts

and things as are conducive or helpful to the advancement and fulfillment of

the principal and other objects above-mentioned.5. The trustees shall

have power to appoint an advisory committee of not more than ten persons which

can be dissolved and reappointed from time to time as the Trustees may think

fit. The members of the Advisory Committee will generally be those who are

well-known in the public by reason of their scholarship, profession, eminence

in different fields of art; philosophy, science and technology.6. The functions of the

Advisory Committee will be to advise the Trustees on the subjects of activity

of the Trust or any projects undertaken or proposed to be undertaken by the

Trust, to express opinion on any question referred to them by the Trustees, to

make suggestions and to give instructions on the activities of the Trust and

generally to guide the trustees. The decisions, suggestions or proposals made

by the Advisory Committee will be of a recommendatory nature. The members of

the Advisory Committee will not be considered as trustees of this Trust.7. If any person ceases

to be a member of the Advisory Committee by reason of resignation, death or

otherwise his place may be filled in by the Trustees. The Trustees will have

power to omit or remove any member of the Advisory Committee if the Trustees so

think fit for any reason, without being bound to disclose the same.8. The Trustees will

appoint one of the members of the Advisory Committee as Chairman and one of

them as Secretary. The Chairman will preside over all the meetings of the

Advisory Committee. In the absence of the Chairman at any meeting, the members

the present can nominate any of them as the Chairman of that meeting. All decisions

of the Advisory Committee will be taken by majority and in the event of

equality of votes, the Chairman of the meeting will have a casting or

additional vote. The meetings of the Advisory Committee will be called by the

Secretary as and when required by the Trustees. The Secretary will keep a

minute book wherein will be recorded all the minutes of the meetings including

the decisions taken and the minutes will be confirmed in the same meeting or in

the subsequent meeting of the Committee.9. Trustees or any one

or more of them nominated by the Trustees shall be ex-officio members of the

Advisory Committee.10. The Trustees shall

also have power to appoint one or more committees, to be called Executive

Committees, to carry out one or more of the objects and activities of the

Trust. Any one or more of the Trustees as may be nominated by the Trustees

shall be ex-officio members of each of such Committees.11. The functions of each

such Committee will be such as will be assigned by the Trustees from time to

time. The Committee will be in full charge of the function or activity or any

project assigned to the Committee and shall execute the same in the interest of

the Trust but subject to such directions or limitations as may be given or

prescribed by the Trustees.12. Each Executive

Committee shall consist of not less than three and not more than five persons

nominated by the Trustees. Each such Committee will elect its Chairman and

Secretary. The Chairman will preside over the meetings but in his absence, the

members present will appoint any one of them present as Chairman. The Secretary

of each Committee will call the meetings of the Committee from time to time as

required by the Trustees or the Chairman or the Secretary himself and he shall

keep record of all such meetings and the business transacted therein. The

Committee may distribute the work assigned to them among its members for

executing the same.13. The Trustees will

have the right to dissolve any Executive Committee as and when they think fit.

If any vacancy occurs in any Executive Committee by reason of resignation,

death or otherwise, the same may be filled in by the Trustees.14. The Trustees shall

have also the power to constitute a. body or association of persons who will be

either professional or amateur artists, in the fields of music, drama, dance,

painting etc. or who will be persons belonging to other professions like

lawyers, doctors, architects, accountants, or industrialists, businessmen or

social workers or who will be scientists, philosophers, literary writers,

historians or otherwise eminent or famous in other walks of life, with a view

to involve them and to enable them to participate in the activities of the

Trust. Every person desiring to join such body or association shall apply to be

a member of the body or association in the form prescribed by the Trustees and

each such person will agree to pay a subscription as may be prescribed by the

Trustees from time to time. Such subscription will be treated as a donation to

the Trust fund. A person who fails to pay such subscription for more than three

months since the time it becomes due, shall cease to be a member of the body or

association unless the Trustees condone the delay in payment. Any such person

may also resign from the body or association if he or she so chooses. Such

persons shall be eligible to participate in the activities of the Trust as and

when required by the Trustees or by any Executive Committee but without any

compulsion. The Trustees may call meetings of such body or association as and

when required to discuss any question or topic generally or specifically and

each member will be entitled to participate in such meeting and express his or

her views. However, no decision or consensus of that body on any question will

be binding on the Trustees. The Trustees shall maintain a register of such

members and an account of the subscription or donation paid by them from time

to time. Such body or association will be considered as an ad-hoc body or

association associated with the Trust and not as an independent or separate

entity.15. The Trustees will

sanction and make available to any Executive Committee such funds as may be

sanctioned by the Trustees for any activity or programme to be executed by the

Committee. The Secretary of the Committee will keep accounts of such sanctioned

amount and submit the same to the Trustees from time to time or whenever

required by the trustees. If any amount, more than the sanctioned amount, is

required, the committee concerned will obtain the approval thereto of the Trustees

in advance and the Trustees shall make available such additional amount as and

when required.16. The Secretaries of

the Advisory Committee and of the Executive committee or Committees shall

submit the reports of meetings of their respective Committees of which they are

Secretaries from time to time or as and when required by the Trustees.17. The Members of the

Advisory Committee or any Executive Committee will work in honorary capacity,

but the Trustees will have power in any given case to pay an honorarium to any

one or more or all members of any committee as the Trustees may think fit. All

other expenses actually incurred by any Committee within the sanctioned limit

will be disbursed out of the Trust Funds.18. The Trustees will be

entitled to delegate any of the powers of the Trustees under this Deed or in

Law to any Executive Committee subject to such conditions as the Trustees may

think fit.19. The Trustees shall

invest the Trust Funds in authorized Trust securities including bank deposits,

or deposits or debentures of public undertakings but not in shares or

debentures of any other Commercial Companies and the income raised from such

securities only will be used in carrying out the objects of the Trusts. The

Trustees will have power to change the investments from time to time as may be

beneficial to the Trust.20. The Trustees shall

have the following powers:a. To receive donations

or gifts in money or in kind on such conditions as the trustees may agree upon

and which are not inconsistent with the objects of this Trust.b. To acquire any

immoveable or moveable property, required for carrying out the objects of the

Trust, by way of purchase, lease, gift, construction or on leave License basis

or otherwise howsoever.c. To sell any

immoveable property or any part thereof or give on lease any property or any

part or parts thereof not required for carrying out the objects of the Trusts,

subject however to the permission of any authority if required by law.21. The number of

Trustees shall be not less than three and not more than nine. In the event of

any trustee ceasing to be a Trustee by reason of death, resignation or physical

or mental incapacity or otherwise, the remaining trustees shall have power to

appoint any other person in his place as trustee and on such appointment all the

Trust Fund will vest in him along with other trustees.22. The Trustees shall

not be entitled to any remuneration or to pay any remuneration to any person

for acting as Trustee out of the Trust Fund.23. The Trustees shall

keep and maintain proper and regular accounts of the Trust Fund and of the

income and expenditure and shall get the accounts audited by a duly qualified

auditor to be appointed by the Trustees and the audited annual Balance Sheet

and the Income and Expenditure Accounts or Receipts and Payment Accounts shall

be finally approved and passed by the Trustees at one of their ordinary

meetings and shall be filed with any Authority appointed under any Law. All the

audited Statements of Accounts of the Trust namely the Balance Sheet and

Receipt and Expenditure account shall also be placed before the meeting of the

Trustees for approval.24. All accounts in the

Banks shall be maintained in the name of the Trust or the Trustees and will be

operated by any two or more trustees as may be decided by them from time to

time.25. The Trustees shall

maintain a register of the Trust Fund and its investments and shall keep it up

to-date by making additions to or alterations in the same as and when new

investments are purchased or acquired or disposed of by the Trustees. The

Trustees shall physically verify the list or register at least once a year.26. The Trustees will

have following additional Powers:a. To appoint an Advisor

or a Board of Advisors to advise the Trustees in the formulation of general

policies or in such other matters as are referred to them, provided however

that, it shall be open to the Trustees to accept or not their advice wholly,

partly or to reject it.b. To sanction recurring

expenses from month to month.c. To sanction

expenditure on non-recurring items in any year. (d) To institute, defend or

compromise legal proceedings on behalf of the Trust, if and when necessary.d. To invest, dispose

of, transfer or otherwise deal with the funds of the Trust subject to the

provisions of any law to that effect in such manner as the Trustees shall deem

fit, so as to enable them to carry out the objects of the Trust effectively.e. And generally to do

any other acts or act not mentioned above that may be necessary in the

discharge of their duties and execution of the powers vested in the Trustees.27. The Trustees shall be

chargeable only for such moneys, stocks, securities and other property as the

Trustees shall actually receive notwithstanding their signing receipt or cheque

for the sake of conformity and shall not be answerable and accountable or

responsible for the acts, receipts, omissions, commissions, neglects and

defaults of bankers, brokers, auctioneers, advocates or other persons with whom

or into whose hands any trust moneys or securities may be deposited or for any

other loss unless the same shall happen through his own negligence, willful

default or omission, breach of Trust, misapplication or misconduct.28. The Trustees may

reimburse themselves or pay and discharge out of the Trust Fund all expenses

properly incurred in or about the execution of the Trusts/or Powers under this

Trust or any of them. Provided, however, that this right and/or power of

reimbursement shall not be operative in case of a Trustee held liable for the

loss caused to the Trust for his acts of commissions or omissions.29. The Trustees shall

have power from time to time to frame rules and regulations as they may think

fit and proper for the administration and carrying into effect the provisions

of this Trust and to provide for the Management of the Trust Fund and also from

time to time alter any such rules and regulations or to repeal any of them and

substitute others in their place, provided always that, no such rules or

regulations as framed or subsequently amended shall in any manner be

inconsistent with any of the provisions of this Declaration of Trust.30. In all cases in which

it is found necessary or desirable to amend, alter to or add to this Trust or

any Clause hereof, to seek advice or any other directions on any question of

conduct or administration or Management of this Trust, the Trustees shall have

the right under this Trust to apply to any statutory authority or a court of

law31. The Trustee shall

take steps immediately after the execution of these presents to register this

Trust with authority appointed by any Act, governing public charities.32. If this Trust ceases

to function by reason of there being no trustees existing or the Trustees not

carrying the objects of the Trust, or for any other reason, then with the

approval of any prescribed authority or a court of law and on the application

of any person connected with or interested in this Trust, the Trust Fund of the

Trust then existing shall be transferred to any public Trust existing and

functioning as such authority or court may think fit.IN

WITNESS WHEREOF the Trustees have put their respective hands on the day and

year first hereinabove written.Signed

by the within named)Dilatants

/Trustees)1.2.3.4.5.in

the presence of)


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